2012 Estimated Tippecanoe County Budgets

Tippecanoe County CouncilOctober 4, 2011

General Fund

Year Budget % Change

2012* 38,209,680$ 2.84%2011 37,155,427$ -0.44%2010 37,319,727$ 0.14%2009 37,266,771$ 4.30%2008 35,729,486$ 4.60%2007 34,158,101$

* Estimated

Budgets and Tax Rates

2011 2.9% Growth 2012 Estimated vs. Fund Approved Allowed Estimated AllowedGeneral 37,155,427$ 38,232,934$ 38,209,680$ (23,254)$ Reassessment 244,352$ 251,438$ 272,384$ 20,946$ Cumulative Capital Development 1,261,490$ 1,298,073$ 1,272,742$ (25,331)$ Cumulative Bridge 3,459,632$ 3,559,961$ 2,304,548$ (1,255,413)$ Jail Lease 1,150,000$ 1,183,350$ 1,108,000$ (75,350)$

Total Controlled Budgets 43,270,901$ 44,525,756$ 43,167,354$ (1,358,402)$

Budgets and Tax Rates

2011Fund Approved 5% AV Decline AV Unchanged 5% AV IncreaseGeneral 0.3235 0.3543 0.3231 0.3182Reassessment 0.0046 0.0049 0.0047 0.0045Cumulative Capital Development 0.0194 0.0200 0.0200 0.0200Cumulative Bridge 0.0350 0.0350 0.0350 0.0350Jail Lease 0.0164 0.0200 0.0200 0.0200

Total County Rates 0.3989 0.4342 0.4028 0.3977

2012 Estimated Rates

General Fund Comparisons

2011 2011 2009 20092011 2011 2011 Levy as % Per capita Per capita Per capita Per capita

County Population Budget Levy Tax Rate of Budget Budget Levy Budget Levy

Allen 355,329 $87,058,482 $53,564,372 0.4226 62% $245.01 $150.75 $267.04 $151.99Hamilton 274,569 $73,606,209 $30,292,144 0.1712 41% $268.08 $110.33 $469.32 $146.84Vanderburgh 179,703 $63,366,663 $34,943,476 0.5056 55% $352.62 $194.45 $369.98 $189.73Tippecanoe 172,780 $37,155,426 $20,329,107 0.3235 55% $215.04 $117.66 $250.19 $127.25Hendricks 145,448 $30,072,802 $14,950,376 0.2172 50% $206.76 $102.79 $324.44 $129.61Monroe 137,974 $29,464,489 $14,054,923 0.2297 48% $213.55 $101.87 $238.15 $111.67Madison 131,636 $33,643,564 $18,777,258 0.5816 56% $255.58 $142.65 $262.44 $130.89Delaware 117,671 $26,958,101 $16,049,974 0.4993 60% $229.10 $136.40 $254.26 $134.17Vigo 107,848 $28,143,094 $21,139,972 0.5696 75% $260.95 $196.02 $272.05 $190.85

Sources: AIC Fact Book, www.in.gov/dlgf

Other County Budgets

2011 2012 % Fund Approved Estimated Change

General 37,155,427$ 38,209,680$ 2.84%Reassessment 244,352$ 272,384$ 11.47%Cumulative Capital Development 1,261,490$ 1,272,742$ 0.89%Economic Development Inc Tax 6,842,964$ 6,832,918$ -0.15%Cumulative Bridge 3,459,632$ 2,304,548$ -33.39%Highway 3,356,507$ 3,016,131$ -10.14%Local Road & Street 1,671,950$ 845,650$ -49.42%E-911 (Land & Wireless) 1,384,254$ 1,387,898$ 0.26%Jury Pay 40,000$ 65,000$ 62.50%Probation (Adult & Juvenile) 388,098$ 434,501$ 11.96%Court Services 772,265$ 709,231$ -8.16%

Highlights of Hearings

• Balanced Budgets with $11m in Rainy Day funds untouched• Transfer $178,000 from COIT Reserve to General• Health Insurance Premiums +or- 5%, Health Budgets cut 3%

based on 8-month Trend• TEMA Deputy Position Funded; Public Defender new Chief

Deputy, Eliminated Full Time Attorney Position• Decision to Achieve 2009 Market Wage Study in 3 Years if

possible; Employee Raises 2-4%, depending on Classification (Council not included)

• $400,000 for General Reassessment• $2,000,000 Request for Drain Improvement Fund

Capital Projects

• $1,000,000 Road Projects • $1,200,000 Drainage Projects• $700,000 EDIT• $500,000 source to be determined?

• $250,000 Courthouse Limestone• Continue set-aside for Infrastructure Improvements• Contingencies for Building Maintenance/Repairs• Continue replacement of Vehicles & Equipment

Reserve Balances

Fund Balance

Rainy Day - General 7,479,356$ Rainy Day - Econ Dev 3,536,482$

Total Rainy Day 11,015,838$

Other Reserves:COIT 1,543,241$ EDIT 1,204,143$

Total Reserves 13,763,222$

Consideration of Debt

• Various Capital Leases (Equipment) $1,565,000• 2001 Govt Building Corp General Obligation Bonds (Jail

Expansion Lease)• $10,065,000 outstanding • Avg interest rate 4.83%• Final payment date January 2023

• 2006 EDIT Revenue Bonds (Parking Garage)• $4,030,000 outstanding • Avg interest rate 4.00%• Final payment date December 2020

• Discuss Refinancing/Refunding Options Oct 11

Reminders for October 11

• WCSWD Budget Revisions -handout• Convention & Visitor Bureau Budget -p.53• Tippecanoe County Part Time Rate Schedule -p.80• Final Adoption Tippecanoe County Budgets, Salary

Schedules

Council Discussion & Public Comment